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Last Updated on: 25 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Fundamental Analysis of Repco Home Finance Ltd

Basic Stock Data

Last Updated: July 24, 2024, 10:41 pm

Market Cap 3,361 Cr.
Current Price 536
High / Low581/312
Stock P/E8.52
Book Value 463
Dividend Yield0.56 %
ROCE10.5 %
ROE14.6 %
Face Value 10.0
PEG Ratio1.20

Data Source: screener.in

Competitors of Repco Home Finance Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Aptus Value Housing Finance India Ltd 15,962 Cr. 320392/25726.1 75.51.41 %14.7 %17.2 % 2.00
Repco Home Finance Ltd 3,361 Cr. 536581/3128.52 4630.56 %10.5 %14.6 % 10.0
PNB Housing Finance Ltd 20,154 Cr. 776914/59813.2 5750.00 %9.27 %11.8 % 10.0
Reliance Home Finance Ltd 183 Cr. 3.756.22/1.61 1.590.00 %17.2 %% 10.0
LIC Housing Finance Ltd 43,004 Cr. 782827/3909.03 5721.15 %8.79 %16.2 % 2.00
Industry Average12,556.38 Cr401.0712.82275.450.79%11.51%13.05%5.00

Quarterly Result

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Revenue333320330322318302314327340364380387393
Interest185176174172168165169181186203207215220
Expenses6210042108955350374240403933
Financing Profit864511343568495109113122132133140
Financing Margin %26%14%34%13%17%28%30%33%33%33%35%34%36%
Other Income7254653432465
Depreciation3333343444456
Profit before tax904411543588495109112120132134139
Tax %29%27%25%26%28%26%25%26%27%26%26%26%22%
Net Profit633286314262718182899899108
EPS in Rs10.105.1313.735.036.729.9211.3712.9113.1214.2415.6815.8917.27
Gross NPA %3.70%4.40%4.30%7.00%7.00%6.40%6.50%6.20%5.80%5.50%4.93%4.70%4.10%
Net NPA %2.30%2.60%5.00%4.90%4.20%3.80%3.45%3.00%2.80%2.16%1.90%1.50%

Last Updated: July 11, 2024, 10:13 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: July 10, 2024, 9:15 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Revenue4065356938821,0461,1091,1911,3481,3761,2921,2851,525
Interest266325431548646649720825807690701846
Expenses32597299116151110153182344182152
Financing Profit108152189234284309361370386258402527
Financing Margin %27%28%27%27%27%28%30%27%28%20%31%35%
Other Income0000014317151416
Depreciation22344351313131518
Profit before tax107149186230280307360360390260401525
Tax %25%26%34%35%35%35%35%22%26%26%26%25%
Net Profit80110123150182201235280288192296395
EPS in Rs12.8717.7119.7424.0029.1332.1337.5144.8145.9730.6247.3363.09
Dividend Payout %9%7%8%8%7%7%7%6%5%8%6%5%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)37.50%11.82%21.95%21.33%10.44%16.92%19.15%2.86%-33.33%54.17%33.45%
Change in YoY Net Profit Growth (%)0.00%-25.68%10.13%-0.62%-10.89%6.48%2.23%-16.29%-36.19%87.50%-20.72%

Growth

Compounded Sales Growth
10 Years:11%
5 Years:5%
3 Years:4%
TTM:19%
Compounded Profit Growth
10 Years:14%
5 Years:11%
3 Years:11%
TTM:33%
Stock Price CAGR
10 Years:2%
5 Years:10%
3 Years:15%
1 Year:68%
Return on Equity
10 Years:14%
5 Years:13%
3 Years:12%
Last Year:15%

Last Updated: July 25, 2024, 6:13 am

Balance Sheet

Last Updated: July 10, 2024, 9:15 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital626262636363636363636363
Reserves5726767508921,0751,2461,4651,7241,9972,1732,4542,831
Borrowings3,0653,9025,1046,5387,5608,1349,34910,10910,1979,6929,92410,701
Other Liabilities939615927034528881991087083110
Total Liabilities3,7924,7366,0767,7639,0439,73110,95711,99512,36511,99712,52313,705
Fixed Assets4599914163731354062
CWIP000000000040
Investments81212121616222222323232
Other Assets3,7804,7196,0547,7429,0189,70210,91911,93512,31111,93012,44813,612
Total Assets3,7924,7366,0767,7639,0439,73110,95711,99512,36511,99712,52313,705

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity 104-1,011-1,193-1,414-1,001-557-1,015349849691-363-685
Cash from Investing Activity -4-6-7-7-60-11-312-163160-109
Cash from Financing Activity 918291,1951,4241,0095621,058-79-730-531205747
Net Cash Flow191-188-532532267131-22-46

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow29.0056.0067.0093.00109.00143.00101.00143.00172.00335.00173.00142.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
ROE %17%16%16%17%17%16%17%17%15%9%12%15%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters37.13%37.13%37.13%37.13%37.13%37.13%37.13%37.13%37.13%37.13%37.13%37.13%
FIIs17.92%17.61%18.01%17.91%16.31%18.84%16.64%14.55%13.41%15.29%13.78%13.95%
DIIs21.98%21.39%21.01%19.71%16.64%16.86%16.96%18.03%19.55%18.40%19.09%19.57%
Public22.97%23.87%23.85%25.24%29.91%27.15%29.26%30.28%29.91%29.17%29.98%29.34%
No. of Shareholders35,92140,88541,12144,84047,24348,70947,49148,17444,53043,10141,57142,934

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Small Cap Fund - Regular Plan3,733,7500.58147.52750,0002024-07-22397.83%
Aditya Birla Sun Life Banking And Financial Services Fund2,124,5532.8883.94750,0002024-07-22183.27%
Aditya Birla Sun Life Small Cap Fund1,097,0530.8643.34750,0002024-07-2246.27%
Tata Banking and Financial Services Fund750,0001.6629.63750,0002024-07-220%
HDFC Banking and Financial Services Fund744,3660.9929.41750,0002024-07-22-0.75%
HDFC Housing Opportunities Fund551,5641.7721.79750,0002024-07-22-26.46%
Mirae Asset Banking and Financial Services Fund489,7901.2819.35750,0002024-07-22-34.69%
HDFC Infrastructure Fund - Regular Plan428,0001.5716.91750,0002024-07-22-42.93%
Tata Young Citizens Fund (After 7 Years) - Regular Plan97,8561.263.87750,0002024-07-22-86.95%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)66.5550.5631.0347.9947.66
Diluted EPS (Rs.)66.5550.5631.0347.9947.66
Cash EPS (Rs.)66.0049.7232.6748.0546.88
Book Value[Excl.RevalReserv]/Share (Rs.)477.20413.87366.04337.73292.52
Book Value[Incl.RevalReserv]/Share (Rs.)477.20413.87366.04337.73292.52
Revenue From Operations / Share (Rs.)243.69205.20206.23219.54215.07
PBDIT / Share (Rs.)221.95178.52153.82193.41191.51
PBIT / Share (Rs.)219.04176.12151.76191.34189.44
PBT / Share (Rs.)83.8764.0641.4862.3157.58
Net Profit / Share (Rs.)63.0947.3330.6245.9744.81
NP After MI And SOA / Share (Rs.)66.5550.5631.0347.9947.66
PBDIT Margin (%)91.0786.9974.5888.0989.04
PBIT Margin (%)89.8885.8273.5887.1588.08
PBT Margin (%)34.4131.2120.1128.3826.77
Net Profit Margin (%)25.8923.0614.8420.9320.83
NP After MI And SOA Margin (%)27.3024.6315.0421.8522.15
Return on Networth / Equity (%)13.9412.218.4714.2016.29
Return on Capital Employeed (%)45.0041.8640.9055.0646.25
Return On Assets (%)3.012.511.612.412.47
Long Term Debt / Equity (X)0.000.000.000.000.37
Total Debt / Equity (X)3.583.834.234.835.52
Asset Turnover Ratio (%)0.110.100.100.110.11
Current Ratio (X)1.271.261.231.211.27
Quick Ratio (X)1.271.261.231.211.27
Dividend Payout Ratio (NP) (%)4.814.948.055.200.00
Dividend Payout Ratio (CP) (%)4.614.727.554.990.00
Earning Retention Ratio (%)95.1995.0691.9594.800.00
Cash Earning Retention Ratio (%)95.3995.2892.4595.010.00
Interest Coverage Ratio (X)1.641.591.391.501.45
Interest Coverage Ratio (Post Tax) (X)1.471.421.281.361.34
Enterprise Value (Cr.)12699.5610593.8510187.9011850.3610518.84
EV / Net Operating Revenue (X)8.338.257.908.637.82
EV / EBITDA (X)9.159.4910.599.798.78
MarketCap / Net Operating Revenue (X)1.640.870.851.530.54
Retention Ratios (%)95.1895.0591.9494.790.00
Price / BV (X)0.830.430.480.990.40
Price / Net Operating Revenue (X)1.640.870.851.530.54
EarningsYield0.160.280.170.140.40

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 579.16

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 8.05% compared to the current price 536

Intrinsic Value: 620.18

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 15.70% compared to the current price 536

Last 5 Year EPS CAGR: 7.08%

*Investments are subject to market risks

Strength and Weakness

Unable to fetch valid data for stock valuation.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Repco Home Finance Ltd:
    1. Net Profit Margin: 25.89%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 45.00% (Industry Average ROCE: 11.51%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ✓ ROE%: 13.94% (Industry Average ROE: 13.05%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 1.47
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 1.27
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. ✓ Stock P/E: 8.52 (Industry average Stock P/E: 12.82)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. ✗ Total Debt / Equity: 3.58
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company

Repco Home Finance Ltd. is a Public Limited Listed company incorporated on 04/04/2000 and has its registered office in the State of Tamil Nadu, India. Company’s Corporate Identification Number(CIN) is L65922TN2000PLC044655 and registration number is 044655. Currently Company is involved in the business activities of Activities of specialized institutions granting credit for house purchases that also take deposits. Company’s Total Operating Revenue is Rs. 1290.19 Cr. and Equity Capital is Rs. 62.56 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Finance - HousingRepco Tower, No.33, North Usman Road, Chennai (Madras) Tamil Nadu 600017cs@repcohome.com
https://www.repcohome.com
Management
NamePosition Held
Mr. C ThangarajuChairman, Non Ind & Non Exe Director
Mr. K SwaminathanManaging Director & CEO
Mr. Anant Kishore SaranNon Exe.Non Ind.Director
Mr. E SanthanamNon Exe.Non Ind.Director
Mrs. Usha RaviInd. Non-Executive Director
Mr. B Raj KumarInd. Non-Executive Director
Mr. Mrinal Kanti BhattacharyaInd. Non-Executive Director
Mr. R SwaminathanInd. Non-Executive Director
Mr. R VaithianathanInd. Non-Executive Director

FAQ

What is the latest fair value of Repco Home Finance Ltd?

The latest fair value of Repco Home Finance Ltd is ₹579.16.

What is the Market Cap of Repco Home Finance Ltd?

The Market Cap of Repco Home Finance Ltd is 3,361 Cr..

What is the current Stock Price of Repco Home Finance Ltd as on 25 July 2024?

The current stock price of Repco Home Finance Ltd as on 25 July 2024 is 536.

What is the High / Low of Repco Home Finance Ltd stocks in FY 2024?

In FY 2024, the High / Low of Repco Home Finance Ltd stocks is 581/312.

What is the Stock P/E of Repco Home Finance Ltd?

The Stock P/E of Repco Home Finance Ltd is 8.52.

What is the Book Value of Repco Home Finance Ltd?

The Book Value of Repco Home Finance Ltd is 463.

What is the Dividend Yield of Repco Home Finance Ltd?

The Dividend Yield of Repco Home Finance Ltd is 0.56 %.

What is the ROCE of Repco Home Finance Ltd?

The ROCE of Repco Home Finance Ltd is 10.5 %.

What is the ROE of Repco Home Finance Ltd?

The ROE of Repco Home Finance Ltd is 14.6 %.

What is the Face Value of Repco Home Finance Ltd?

The Face Value of Repco Home Finance Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Repco Home Finance Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE